Reuters Breakingviews -Wall Street can help fight wildfires. California is being ravaged by the most deadly and destructive conflagration in its history. Last year such fires caused $18 billion in damage and consumed up to $180 billion of economic output, or 6.5 percent of GDP, in the Golden State, according to AccuWeather. A new financing tool can reduce fire risk and its impact on water, air and livelihoods, writes Antony Currie.
Oil rose, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market.
Tesla co-founder Elon Musk and Mexico’s tequila producers could be headed for a collision after the agave-based drink’s industry group opposed the flamboyant billionaire’s efforts to trademark an alcoholic drink dubbed “Teslaquila.”
Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors. Inside a nearby seed barn, they made their pitch to eight Sri Lankan government officials: Please buy our soybeans. The wooing of such a tiny market underscores the depth of U.S. farmers’ problems after losing their biggest customer, China, to a global trade war.
